i love you that's a great way to go to the grand imperial. george wesley bush coromandel you can a little socialist return its ability to go all clear from the sun the colonel was her child as used to retreat. leaders bickering in brussels on how it's a phone you continuing debate down says the debts academic now gripping italy and spain for the strains euro on its last legs. as an international media mogul and top politician comedy huge public scrutiny we examine whether they'll be able to make before out of the phone hacking scandal on restore public trust. the last remaining un indicted war crimes suspect gordon out of his awaiting extradition to the hague after being captured in serbia belgrade hopes that we will bring the country closer to easy membership. and

a multibillion dollar lawsuit is in the cards over b.p.'s bail deal with roles that would have more of that in business since wasn't it. very welcome g. this is our c. line from moscow e.u. leaders have gathered in brussels for an emergency summit on how to come up with the cash promise for a second bailout to greece heads of state is said to be considering a new bank tax to pay roll our friends and stave off a looming default but with basically in spain now showing the first symptoms of the debts epidemic refresh tensions between the attendees it's called bills have already broken out with germany pessimistic about the summit and france calling for blown wide unity but it's also easy daniel bushell reports the infighting is continuing while the euro is future hunh. the single currency will be

big within two years warner lists within the european debt crisis and there's a really very serious threat. to disintegrate. the euro zone my gloves it's already too late to save the greek economy according to a majority of leading economists and experts polled loyalty greece is really going down the drain completely the depth is escalating the deficit is totally out of control if i could give you the analogy they were like somebody with a gambling problem or a drink problem. so it's a cultural thing so no we find ourselves with someone with a drinking problem but with a huge debt as well and the problem will only ever get worse until you actually confront reality and say look they did it in the or is not going to fit together

with germany in one single your politicians the richest states voters refuse to foot the bill well i don't think i've ever met anybody in the united kingdom in london market stations that actually wants to contribute to the bilateral countries like greece and italy and contribute to the continued existence of the hero because i think it's a stupid idea to start with and it's just money down the drain pulling the plug on those states could trigger a chain reaction greece believe investors could no longer ovoid quitting the euro that in turn will spoil the exit of portugal even italy and spain they say. the bug is going to stop there over the last couple of weeks we saw that also. spain over germany italy with germany started europe's top banks hold billions of euro greek imports did if those countries go bust they. could lose money we

might see scenarios like a bank. that means that people will run to the bank in order to withdraw their deposits because they believe that the bank might not be able to pay them the euro's facing an existential crisis the german chancellor angela merkel at the head of europe's biggest economy was they still might not find a compromise at the brussels summit that's raising tensions across the globe while indeed there are problems in three time zones at the moment the most visible the most obvious in the eurozone problems on the other side of the atlantic you have the u.s. economy or the session with showing some very weak economic figures and suffering as well. and that this warrant for the single currency here at the summit if again they failed to do a deal with the spreading your a virus experts fear public panic will take over control. see brussels. germany and france declare that dell take

a joint position on fighting the debt crisis during today's summit but according to press here again from the paris west university a unity is intended only for shipping. if they go on doing what they did for the last two years is going to feel because it was one second plan and now if they had a third plan of this in nature it would feel basically the germans are very reluctant to involve private banks whereas the french. president of course is more in favor of involving the private banks that's on the surface but i think everyone has to make an effort because the prices is very serious and then we cracks are always there and there's an attempt now to paper over the cracks in part because the when the euro was created because of rush towards a common currency with very different economies stickle to say now it can be saved

because there's a real danger of greece defaulting. and as the e.u. struggles to preserve the euro the u.s. is fighting its own battles the economic hardship base. is a consequence of their refusal to recognize huge issues it's two thousand and eight and still crashing present but that's according to former financial times correspondent david todd well i think the story is that the euro as a phenomena is in quite serious danger at the moment however we're worrying more than anything else about both europe and the us slipping deeper and deeper back towards a recession there is a lot at stake in the us effectively managing. their own really rather catastrophic challenge making his belief that the leaders in the us so preoccupied with their own local politics that improperly recognize the dangers that they're creating for the global economy as are all the prospects of recovering

in any short term from the recession that's already dogged this for three years. coming up in just a few minutes down our sound starts funding for felt the nation one hundred there making this several regional responsibility of kabul the transition that will continue until april to. meet your friends the groups the central russian region all of the country are priceless extraterrestrial material. the london based even vesta getting a phone hacking journalists at news international has been expanded from forty five to sixty police officers and staff as the scandal intensifies this comes after m.p.'s warned that any delay confusion the investigation would put back the start of the planned public inquiry russian billionaire alexander lebedev meanwhile says he may be interested really working with murdoch shane views of the worlds have

lloyd he already owns two other british papers the london evening standard and the independent of his remet report from london with a phone hacking scandal zero want to know him in the dark will say prime minister david cameron trying on every point. so this is humble. and i'm enjoying this so. who will survive the phone hacking scandal and keep his job cameron comes under fire for hiring andy cools and former editor of the now defunct news of the world he's accused of encouraging his staff to hack into private voice mails there's been a large element of fingers in ears and just a kind of heads in the sand and that is legal for a prime minister who's now in a real fights in a real really bad situation he could well be looking at some serious consequences for himself at the very start still around him betting shops of slack the odds on

cameron being the next m.p. to quit backing they are thirty one hundred to one at the beginning of the week just five to one three days later in the last two weeks or so we've seen a lot of money go on camera but equally the last forty eight hours when the. committees have been going on behind us. and we've seen cameron over the last few weeks fall from one hundred to want to be the next cabinet member to leave to forty one years and he just slightly crept up again to five to one today as a result of his statements in the house where we thought he gave quite a good performance on choose day it was murdoch's turn for a close shave attacked by a protester with the foam pie and saved only by his wife's right hook despite profuse apologies to victims of his own newspaper's unethical behavior he had no intention of stepping down himself and given. what's less clear is

whether david cameron remains the best person to lead britain out of this crisis of confidence he hired courson who in turn it was later revealed was being advised by another ex news of the world hack neil wallis if that wasn't enough he was simple tain is. he working for the metropolitan police politicians and police under fire for cruising up to and colluding with the murdoch empire and in the wings cameron's arch rival miliband is limbering up to step into the ring of so that the country can have the leadership we need why why doesn't he do more why don't we do more than give our apologies and provide the full apology now for hiring mr colson and bringing him into the heart of downing street to commentators say the prime minister came out on top in wednesday's round in the house of commons when he was grilled by m.p.'s over his relationship with new school but the fight is far from

once you know really. he's damaged before he was about. to form camera because none of that sort of damage. actually stuck to him the scandal has forced resignations all round top executives at news corp and the u.k.'s two most senior police officers many are asking why the prime minister shouldn't be next for a knock out david cameron promised a fulsome apology if it turns out and he calls in light to him about his involvement with phone hacking but some say that won't be enough when it's over and we are a long way from that it's far from clear who can survive the rounds still to come and remain at the top of the media the police and the government your and. new york based radiates sounds tedious as you put myrtle confessing the collapse of

his business and political ambitions. i would be shocked if he's still at the helm of news corp in the next couple of months and i think we're going to see actually a reversal of this i mean murdoch was in many ways a throwback when. professor jay rosen at n.y.u. has basically said that this was not a a news conference it was a media company that has a news the vision that essentially functions as a lobbyist as a lobbying arm for that media enterprise and i think murdoch wanted that political power and i suspect that anybody who takes over from murdoch and we don't know who that will be but i'm sure there will be somebody will see this sort of this pursuit of political power just for the sake of political power to be antithetical to running a good business. the arrest of banality international criminal trial before you can

. focus on the completion of its mandate that's according to u.n. chief banking meaning he welcomed the end defense and the expiration generally. from the anti ninety's you could solve conflicts in the tribunals and once again if not it is expected to be extradited to the hague within days faster than. the events leading up to his detention. the court here in belgrade approved decision texted him to the hague now they have the defense has three days to appeal that decision but according to local media reports we've heard that the lawyer has said that the defense don't plan to do that and we've heard also from the deputy. crimes prosecutor he said he doesn't expect any big drummer's joining that three day deadline for the appeal and also that it's expected fairly quickly he will be extradited to the hague detained obviously after many many years on the run that

happened yesterday i saw his family home in a small village northwest of belgrade how it has being questioned about the atrocities committed in particular certain incidents is one very specific and that's the massacre three hundred prisoners in the town of nine hundred one sees already being questioned about that and of course this has been seen as one of the major obstacles to serbia gaining full even membership critics are really to see that this is now going to pave a sneeze way to serbia to see to the again membership i would be very naive and in fact there's going to be a number of bumps in the road along the way and not least is the public opinion there's been a lot of criticisms of the government's policies in fact i was actually here in the vendor and i spoke to the deputy prime minister and he said he even membership has a chance the serbian people to have a normal life for the people are saying they're completely disillusioned with it

with this latest arrest really will say he has done is called brussels bluff they said that this is one of the final obstacles to gaining even membership and talking about their candidacy will see words of the comes back and actually meets that with with any actions. but how to address comes less than two months after the capture of the former commander general knowledge balkans expert mark. why the international criminal tribunals for the former yugoslavia and some food. but it was just a lose saying really in their propaganda operation if they didn't indict him then there would be one serbian leader who wasn't accused of being a criminal and that would be inconvenient they had they have to accuse all the serbs all their leadership of being criminals for this propaganda picture to take hold as to why serbs generally are this to paint a picture because the tribunals has been set up to to accuse all

serbian leaders of being i didn't serve the big criminals while hiding the real criminals so the tribunals pointing finger is the one that the actual criminals who broke up the country hide behind. find on our website of course including the latest news blogs and expert analysis here's what's online for you right now dot com scrupulous nuclear scientists down no technology from the internet presenting projects as their own in an attempt to pocket research money. can find out how to dial some passengers were stranded on their ship and the vessel was taking to a scrapyard with them still on board. the security handover and afghanistan has gone with the first seven cities being transferred from nato responsibility into the hands of local forces the next set of areas is expected to come under carpels controlled at the end of this year the process of transition is

scheduled to be slightly fourteen after that foreign troops would even major in afghanistan and support roles such as the training of local police violence has recently spiked in the conflict with insurgent specifically targeting that we just undergoing the handover but the taliban will be very eager to fight once foreign forces are gone according to j. dilla there so you are a member of the we. meant. the taliban has grown as a result of getting. u.s. presence in the southern afghanistan so by the u.s. leaving you're going to see the taliban basically not want to fight as much because they're going to be fighting it's afghans you're going to see an afghan peace process take place because afghans generally speaking don't want to silly fight with each other they just simply want to live and co-exist for the most part but i think that generally speaking afghans are better off with governing themselves

without the united states and coalition forces providing security for them because as we've seen we have unintentionally killed a lot of people so if afghans are killing afghans. that's better off than the united states or nato killing afghans and i think that we would be foolish to sit here and think that the u.s. is leaving we're not leaving there will be permanent u.s. involvement in nato involvement for a long time. briefings with some other international headlines this hour and the u.s. carbonell that will send humanitarian aid to probably hit somalia if they're sure the deliveries from islamic militant control aren't intercepted the u.n. has declared a state of famine in two areas of southern somalia nearly four million people are living to a starvation humanitarian agencies estimate the country needs more than a billion and a half u.s. dollars in aid the current crisis is being caused by a devastating drought the worst in decades. the space shuttle atlantis is completed

its last period after landing at the kennedy space center in florida just about an hour ago this marks the end of nasa is thirty three a long shot for a program of landers will now become a museum piece with cancer to the mission control room into a training facility which is legendary shuttle made thirty three flights carried almost two hundred astronauts and circled earth nearly five thousand times. and sometimes you have to dig deep to reach the stars at least that was the case in central russia as a regional grimy tried fever has spread in recent years artie's exam the boy had jumped at the chance to catch a fall and start. they don't believe in aliens of a time machine but they do spend most of their time looking for extraterrestrial matter that will take them billions of years back in time most meteorite hunters in russia do for profit but some still see it as their way of heat hiking through the galaxy. this is the oldest matter you can hold in your hands there is

a theory that meteorites are part of planets core just imagine this piece is about four to have billion years old like the earth this valley about three hundred kilometers east of moscow is their latest pitstop about ten thousand years ago the local fields to have it pounding from an audience shower creating the most fertile metre of ground in central russia is this covering two thousand was a pure accident. if you did as we dog did help with the draining after excavators left a local resident was passing by he noticed a rather strange broken picked it up broccoli idly in his barn for two years until he sort of program but meteorites on t.v. and sent it in for testing. but then the next few years about speak tons of meteorite material was discovered here some would be unlikely help of the nation he's honest us he's the only dog in russia trying to hunt for rocks from other

planets in many ways meteorite hunting is a lot like gold digging you have to spend weeks in the wild hoping for a stroke of luck but in today's prices searching for these accidents or restaurants can be more profitable than even the good old gold fever marcion know lou and i meet her rights which are in high as the money can cost two or even three times their weight in gold the biggest findings usually gravitate to the united states and western europe where most me to write collectors are base and while russia got a lot x.-prize of extraterrestrial rocks ten percent of their value must be paid to this day still some dealers try and dodge the meter a tax base for taiwan hall was uncovered earlier this year at a moscow airport on its way illegally to the czech republic. for some their fallen stars before other recent meteorites are increasingly becoming a blazing hot new commodity. resigned region. that's the way

the news that it's always is business now up arena. hello end of roll concert business here are lights you know we start this hour with minority shareholders. who are preparing a lawsuit claiming billions of dollars in damages over b.p.'s failed bit supporter also left and arctic exploration the shareholders have won every court ruling ordering paper surrounded a multibillion dollar deal to be revealed this will allow them to evaluate the damages b.p. enrolls net failed to strike the deal this spring. shareholders claimed b.p.'s russian joint venture should be the primary vehicle for exploration in the arctic the lawyer dealing with the case says the lawsuit will likely be against b.p. representatives on the team came keyboard. the board members nominated

by b.p. did make it clear there was an opportunity for cool reaching this would have done as a result. to produce a bit of this partnership i'm gone might have lawsuits. the u.s. has come up with an eleven power plant super's solve the deadlock over its that ceiling and it's hoped the plan will help the country avoid a technical default that includes deficit cuts off four trillion dollars and calls for tax increases of one trillion dollars but chief strategist offline she bank first we first says there might be again between promises a real cuts. if the government makes too many cuts and raises taxes perhaps too severely then they could cause a double dip recession they could cause a substantial slowdown in u.s. economic activity which would of course hit the u.s. federal budgets and then exacerbate the problem so they have to be very careful not

to introduce the cuts to violently you're too quickly so we're very tricky balancing act and that's why i'm not expecting even the four trillion dollars cuts i really don't expect those to be put in place for a very long time i think that's what we're seeing no more promises of cuts in order to get a deal done but there's a very big difference between promising because i'm actually making news and i think the implementation of the cuts will be very much linked to what the indicators are of economic growth in the u.s. . well let's take a look at the markets now crude has been very volatile today a drop in u.s. crude inventories push for a lot but reports of a contraction in chinese manufacturing pulled it back then now both light sweet and brands are down around one percent this hour. now the european markets are in their right this hour earlier we saw gains us chancellor merkel and french president sarkozy agreed on the joint approach to greece's debt crisis that's ahead of

today's new summit the footsie and the german dax are losing their round three quarters of a percent this hour let's take a look at what's happening on the russian markets there is slowly coming out of the negative towards there right now are flat and that's despite reports of lower unemployment rates and accelerated retail sales in june let's have a look at the index movers on the bisects energy stocks are in the red with gas from losing almost half a percent banking stocks are also trading and negative territory spread to shutting almost one and a half percent bear and bucking the trend this ross telecom it's rallying on speculation that could be completely sold private investors. well the ruble could be on a downward slide f. researchers from the higher school of economics are to be believed they're suggesting the russian currency is ready for a devaluation next year and according to that it's weakening as inevitable.

physical volumes of roughnecks of where constrained and prices stay and so you will just continue the trend of stable prices and the same all the ones all seem pretty . disappeared for a forecast twenty five percent year over year and if you combine those two prayers your sense of that in the second half of the next year. below one percent of g.d.p. of therefore is unstable situation it will be one percent in the fall in the second quarter it will be zero or the water will give minus one in the fourth quarter which is definitely the real terror for the stability of the balance of payments and historically we saw it in ninety four thousand. is below one percent this is going to push. and that's all the business is for an alchemy trade we'll have the next update for you in about fifteen minutes from now but in the meantime state soon for the headlines for that us.

wealthy british style. sometimes the tires on. the. market dynamics come to. mind on what's really happening to the global economy with mikes

concert for a no holds barred look at the global financial headlines tune into cars a report on our. mood. it's. just so. cool. forty two thousand americans die each year for accidents for me a thousand. seven hundred thousand people or and thirty two thousand will kill

themselves cancer in all its forms kills five hundred sixty thousand of us here part disease is even more devastating it kills over eight hundred seventy thousand americans every year. yeah. the issues of nature and discover its beauty. communicate with the wild and learn. test yourself and become free. and. see what nature can give you on see the.